Brandes Investment Partners LP Acquires 628,848 Shares of CAE Inc $CAE

Brandes Investment Partners LP lifted its holdings in CAE Inc (NYSE:CAE) (TSE:CAE) by 4.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 14,803,106 shares of the aerospace company’s stock after buying an additional 628,848 shares during the quarter. CAE makes up 3.9% of Brandes Investment Partners LP’s portfolio, making the stock its biggest position. Brandes Investment Partners LP owned approximately 4.62% of CAE worth $433,287,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CAE. Browning West LP raised its stake in CAE by 131.4% during the first quarter. Browning West LP now owns 13,734,943 shares of the aerospace company’s stock worth $337,742,000 after acquiring an additional 7,800,012 shares during the period. Vanguard Group Inc. grew its holdings in shares of CAE by 1.2% during the first quarter. Vanguard Group Inc. now owns 12,363,008 shares of the aerospace company’s stock valued at $303,957,000 after purchasing an additional 149,142 shares during the last quarter. Select Equity Group L.P. raised its position in shares of CAE by 16.7% during the 1st quarter. Select Equity Group L.P. now owns 7,863,984 shares of the aerospace company’s stock worth $193,314,000 after purchasing an additional 1,122,470 shares during the period. National Bank of Canada FI raised its position in shares of CAE by 15.6% during the 1st quarter. National Bank of Canada FI now owns 6,087,650 shares of the aerospace company’s stock worth $149,530,000 after purchasing an additional 822,037 shares during the period. Finally, Norges Bank bought a new stake in shares of CAE in the 2nd quarter worth approximately $118,239,000. Institutional investors own 67.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CAE shares. Wall Street Zen lowered CAE from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Royal Bank Of Canada lowered their price target on shares of CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday, November 13th. Zacks Research cut shares of CAE from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 19th. TD Securities raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of CAE in a research report on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.33.

CAE Stock Performance

CAE stock opened at $26.56 on Tuesday. The company has a 50-day simple moving average of $27.62 and a 200 day simple moving average of $27.52. The company has a market capitalization of $8.54 billion, a P/E ratio of 28.87, a PEG ratio of 2.49 and a beta of 1.42. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. CAE Inc has a fifty-two week low of $20.36 and a fifty-two week high of $30.13.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Tuesday, November 11th. The aerospace company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The company had revenue of $897.99 million for the quarter, compared to the consensus estimate of $1.13 billion. CAE had a net margin of 8.70% and a return on equity of 7.92%. CAE’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS. Sell-side analysts predict that CAE Inc will post 0.83 earnings per share for the current fiscal year.

CAE Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.